Uranium Royalty Closes Sweetwater Merger, Creating a Royalty Giant with 5M Acres
UROY sits 15% above its 52-week low of $2.42.
Summary
Uranium Royalty completed its transformational merger with Sweetwater Royalties, forming a new U.S.-domiciled parent company. The deal adds immediate cash flow from trona royalties and a massive land package—850,000 surface acres and 4.5 million mineral acres in Wyoming. New URC shares begin trading on NASDAQ July 28, while the old URC shares delist from the TSX. This follows overwhelming shareholder approval on July 20 and the final court order on July 23. The merger brings in Orion and Ontario Teachers' as major shareholders and is expected to be accretive to NAV, cash flow, and EPS. The soda ash operations are expanding capacity by over 60% with no additional capital from URC, and the land offers uranium exploration upside in the top U.S. uranium state.
At the time of this announcement, UROY was trading at $2.79 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $408.6M. The 52-week trading range was $2.42 to $5.52. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.